iiinova — where your digital self keeps evolving

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Jake Grumbach @jakemgrumbach.bsky.social · 22h

New working paper: the Norwegian wealth tax was a huge success. The "exodus" of wealthy people never happened (less than 100 individuals left). Tax revenue increased by 71.5%. No changes in business activity or investment. www.nber.org/papers/w35854

Taxing Entrepreneurial Wealth: Evidence from
Norway, 2021-2025
Marius A. K. Ring
WORKING PAPER 35854|
DOl 10.3386/w35854
ISSUE DATE October 2026
Whether imposing higher taxes on business owners adversely affects business activity by constraining investment and inducing capitalist flight is a central question in the ongoing debate on how to tax the ultra wealthy. To shed new light, I exploit a series of related Norwegian reforms during 2021-2024 that increased dividend tax rates, removed migration-related capital gains tax loopholes, and nearly doubled the effective marginal tax rate on business wealth. These reforms spurred international debate and, allegedly, an "exodus" of Norwegian billionaires (Financial Times,
2023). While I document clear effects on migration, these responses are concentrated among the top 0.1% of the wealth distribution and mostly confined to 2022 and 2023. My results indicate that at most 100 individuals left due to the reforms. I find no evidence of significant outmigration or reduced inflows of startup founders or inventors. I estimate that absent any outmigration, wealth tax revenues would have increased by 75% from 2021 to 2024. Reform-driven outmigration lowers the revenue gain to 71.5%. My findings further show that outmigrating owners' firms remain economically active and do not reduce investment. In a broader set of analyses, I examine whether business outcomes are affected, regardless of whether owners outmigrate, since firms may reduce investment both due to liquidity constraints or distortions to owners' savings decisions. I compare firms owned by Norwegian individuals subject to the wealth tax with firms owned by foreigners and other tax-exempt entities. By merging historical ownership data from Orbis with the Norwegian shareholder register, I perform these analyses on both Norwegian and foreign-domiciled firms.
Across settings, I find no evidence that Norwegian-owned firms pay out more dividends or invest less after the reforms,…

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BladeoftheSun @bladeofthes.bsky.social · 18h

"The United States are not the champions of freedom they pretend to be, but rather the main culprits of the oppression and misery of the world's peoples." - Che Guevara, UN, 1964.

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Private Eye Magazine @privateeyenews.bsky.social · 09/10/2026

Keep your Great British lawn and your garden borders secure with the… WEEPING TOMMO™ From the new Private Eye, out now.

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Sir Michael Take CBE @sirmichaeltake.bsky.social · 22h

Bunty & I have had our legs tattooed too. She has a Val Doonican collage on her left & on her right a dramatic portrayal of Liz Truss trickling down. My legs are covered in moths & conkers with pictures of Norman Tebbit & calligraphy featuring lyrics from Chaka Demus & Pliers.🦵

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Prem Sikka @premnsikka.bsky.social · 09/10/2026

Shell’s refineries expected to make record profits. Profit margins of $42 a barrel, up from $24 a barrel. Cashing in on global conflicts. Bumper payouts for execs and shareholders. Misery for households and businesses. Millions plunged into poverty. Must levy 100% windfall tax.

theguardian.com

Shell expects refineries to almost double the profit from every barrel of fuel made

Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia

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Oliver @oliver48.bsky.social · 08/10/2026

"Exclusive: Britain launched a ‘world wide lobbying exercise’ to overturn a landmark United Nations (UN) resolution which recognised Zionism as racism, declassified files reveal. The information is in a private exchange between UK foreign secretary ..." via Alex Tee www.facebook.com/groups/Green...

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thescousecolossus.bsky.social @thescousecolossus.bsky.social · 08/10/2026

The fellas spot on If only someone with a spine & a pair of bollocks from the PL or even the FA spoke like this The biggest league in the world won by the biggest cheats going I feel sorry for the fans to a degree, they've sat there buying this crap but also haven't asked any questions...

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The Liberal BoJack @thelibbojack.bsky.social · 08/10/2026

I just saw a quote that said “The rise of women does not mean the fall of man unless men were standing on the backs of women to begin with”

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Oliver @oliver48.bsky.social · 06/10/2026

"There’s a lot of bullshit in the mainstream news about the Green’s anti-Zionism decision yesterday. All part of the ‘stop Polanski’ game. Don’t believe it." via The Daily Politik

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Private Eye Magazine @privateeyenews.bsky.social · 06/10/2026

IT’S PRIVATE EYE WEEK! £2.99 in shops, £2 for subscribers, and only 20p for Emirati sponsors of Man City… Sheikh Mansour will cover the rest.

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Andrea Devon @andreadevon.sheshed.rocks · 06/10/2026

He said it. They cheered. Don’t ever let them rewrite that. #SheShed

Graphic with white text on a dark background reading: “Remember it was Trump that called for the destruction of 2 American cities. Not Mamdani. Not El-Sayed. Not any Muslim. Trump. A white, billionaire, rapist, pedophile.”

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Stephen Graham @stephengraham.bsky.social · 06/10/2026

I had this bit about Jeffrey Archer from the 1995 HIGNFY video memorised for whenever I needed a handy fact about him.

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Phil Lewis @phillewis.bsky.social · 06/10/2026

Freddie Jackson, the RnB legend known for multiple hits, including “You Are My Lady,” has died. He was 70

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Prem Sikka @premnsikka.bsky.social · 06/10/2026

Drax’s planned datacentre to burn 4.9m tonnes of wood to produce its electricity, nearly double the CO2 emissions of all flights from London Gatwick airport. Drax, a highly profitable company gets subsidies to burn wood and produce electricity How many lives will it ruin?

theguardian.com

Drax datacentre could create nearly twice the yearly emissions of all Gatwick flights

Exclusive: Campaign group’s analysis of North Yorkshire plans finds datacentre would have to burn 4.9m tonnes of wood a year

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Linziramma @yorkshirered72.bsky.social · 05/10/2026

We need more men calling out misogyny, willing to stand with women, and take action. goodlawproject.org/s/748822

goodlawproject.org

It’s time for men to speak up - and act | Good Law Project

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Prem Sikka @premnsikka.bsky.social · 05/10/2026

Please join me for a free event. "In search of the good life: can Business Schools help?" 7 October 2026, 18:00 - 19:30 Anglia Ruskin University. Chelmsford, Essex. Get your free ticket here www.aru.ac.uk/events/in-se...

aru.ac.uk

In search of the good life: can Business Schools help? - ARU

What does it mean to live a good life in today's world? And what role should business schools play in helping society get there? Hear more at ARU in Chelmsford.

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Sunny Ella @sunnywillow.bsky.social · 04/10/2026

Zionism is racism. The United Nations voted to declare it as such in 1975, half a century ago. This isn’t new, and this isn’t controversial.

A group marching down a street holding a banner that reads zionism is racism

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Cold War Steve @coldwarsteve.bsky.social · 04/10/2026

Cable Street 1936-2026: Not Then Not Now roughtradebooks.com/products/cab...

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Mike D London @mikedlondon.bsky.social · 01/10/2026

BBC re-running their headlines from 3 years ago when Sunak released 10,000 prisoners early over 6 months....oh wait, no, that went off without a media fuss. Labour are releasing up to 5,000 early over a year - due to Tory failure to build prison capacity. They only built 36 net new places a year.

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ebisback.bsky.social @ebisback.bsky.social · 01/10/2026

Pathetic and Insanity 😡 I've been there.

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Sir Michael Take CBE @sirmichaeltake.bsky.social · 30/09/2026

A sad, lonely woman jilted by her brash lover is left to wile away the empty hours in an isolated flat in Dubai. After consuming yet another vodka her mind wanders & she types out far fetched fantasies desperately seeking attention & solace. Please could someone call a doctor.😬

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ET Heisenberg @utdheisenberg.bsky.social · 30/09/2026

Man City when asked to provide their “irrefutable evidence.”

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Miss Kitty 🌈🌈🌈 @misskitty.art · 29/09/2026

#MissKittyArt did what #techies in a #startup would call a #pivot in her art. Her fiction series is waiting for covers that can now be produced. I had to turn left to go right. I'm going to produce initial limited editions of "Bold Women: Historic Artists Vs. North Carolina Activists" & double back.

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Dawn @time2move.bsky.social · 29/09/2026

👏👏👏👏👏

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Philippe Auclair @philippeauclair.bsky.social · 29/09/2026

Reading the independent report into Man City's financial "arrangements" now, stopping after every paragraph, saying "Jesus"..."JESUS!"..."Holy fuck!" and again. This is beyond anything anyone imagined. Also started to wonder whether criminal proceedings are in the picture now.

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The Liberal BoJack @thelibbojack.bsky.social · 29/09/2026

it's HIGHLY important that we remember that it wasn't the CEOs and billionaires who saved us during COVID-19. It was the janitors, nurses, cleaning crews, grocery and food workers with their hard, often invisible labor.

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Randeep Virdi @virdiuk.bsky.social · 29/09/2026

I appreciate that I might not be the brightest person in the world but if Man City have irrefutable evidence to prove their innocence, why wasn’t this evidence found to be irrefutable during the independent investigation……….

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Pat G🇨🇦 🍁🏳️‍🌈🍉 @pguist.bsky.social · 29/09/2026

My office has handled a lot of sexual harassment cases. “Her shirt was too tight” “She drank too much” “Why did she put herself in that position” “She was asking for it.” No. No. No. No. It’s not HER job to be on DEFCON 5 at all times. It’s HIS job not to be a predator. ~ Attorney Ryan

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